Sparton Corp (SPA) Financial Statements (2024 and earlier)

Company Profile

Business Address 425 N. MARTINGALE ROAD
SCHAUMBURG, IL 60173
State of Incorp. OH
Fiscal Year End June 30
Industry (SIC) 3672 - Printed Circuit Boards (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

6/30/2018
6/30/2017
6/30/2016
6/30/2015
6/30/2014
6/30/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments98813214,9148,0286,085
Cash and cash equivalents98813214,9148,0286,085
Receivables45,34746,75970,97448,69749,768
Inventory, net of allowances, customer advances and progress billings60,24877,87172,04745,41246,334
Inventory60,24877,87179,50353,37246,334
Progress payments netted against inventory for long-term contracts or programs   (7,456)(7,960)
Prepaid expense and other current assets1,731
Deferred tax assets  4,7144,7143,8133,167
Other undisclosed current assets3,8511,13012,94410,614 
Total current assets:110,434130,606175,593116,564107,085
Noncurrent Assets
Property, plant and equipment34,45533,32032,60828,52328,904
Long-term investments and receivables   847  
Long-term investments   847  
Intangible assets, net (including goodwill)41,10849,596120,00048,23025,380
Goodwill12,66312,66374,17528,18914,667
Intangible assets, net (excluding goodwill)28,44536,93345,82520,04110,713
Deferred costs   2,0891,700494
Other noncurrent assets6,2536,6927,1514,427
Prepaid expense and other noncurrent assets790
Defined benefit plan, assets for plan benefits   44 
Deferred tax assets, net   2,1991,1924,041
Other undisclosed noncurrent assets24,89325,784(2,936)(1,700)(494)
Total noncurrent assets:106,709115,392161,95882,41659,115
TOTAL ASSETS:217,143245,998337,551198,980166,200
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities51,08461,31955,36535,48725,925
Employee-related liabilities11,45310,6099,0897,8546,329
Accounts payable27,67238,29029,94816,54319,596
Accrued liabilities11,95912,42016,32811,090 
Debt269217 900136
Estimated litigation liability     
Accrued environmental loss contingencies568584700600500
Billings in excess of cost1,749 1,7563,19621,504
Other undisclosed current liabilities5823198109388,026
Total current liabilities:54,25262,43958,63141,12156,091
Noncurrent Liabilities
Long-term debt and lease obligation16797,538154,50040,10011,403
Long-term debt, excluding current maturities 97,206154,50040,10011,403
Capital lease obligations 167332   
Liabilities, other than long-term debt6,3567,3937,5417,6442,958
Pension and other postretirement defined benefit plans, liabilities 274
Liability, pension and other postretirement and postemployment benefits8881,276424
Accrued environmental loss contingencies5,4686,1177,1177,6442,684
Other liabilities     
Other undisclosed noncurrent liabilities 74,500    
Total noncurrent liabilities:81,023104,931162,04147,74414,361
Total liabilities:135,275167,370220,67288,86570,452
Equity
Equity, attributable to parent81,86878,628116,879110,11595,748
Common stock12,32612,30712,35812,66112,619
Additional paid in capital17,85116,40716,04519,47818,751
Accumulated other comprehensive loss(1,276)(1,736)(1,457)(968)(1,255)
Retained earnings52,96751,65089,93378,94465,633
Total equity:81,86878,628116,879110,11595,748
TOTAL LIABILITIES AND EQUITY:217,143245,998337,551198,980166,200

Income Statement (P&L) ($ in thousands)

6/30/2018
6/30/2017
6/30/2016
6/30/2015
6/30/2014
6/30/2013
Revenues
(Revenue, Net)
397,562419,362382,125336,139266,015
Cost of revenue
(Cost of Goods and Services Sold)
(325,663)(339,214)(308,354)(272,186)(221,013)
Other undisclosed gross profit   900500600
Gross profit:71,89980,14874,67164,45345,602
Operating expenses(64,278)(131,937)(57,419)(44,564)(29,332)
Operating income (loss):7,621(51,789)17,25219,88916,270
Nonoperating income (expense)(4,377)(3,710)(2,297)(287)131
Investment income, nonoperating   39102
Other nonoperating income (expense)6093156542547
Interest and debt expense(4,437)(3,803)(2,456)(838)(518)
Other undisclosed income from continuing operations before equity method investments, income taxes     
Income (loss) from continuing operations before equity method investments, income taxes:(1,193)(59,302)12,49918,76415,883
Other undisclosed income from continuing operations before income taxes 4,4373,8032,456838518
Income (loss) from continuing operations before income taxes:3,244(55,499)14,95519,60216,401
Income tax expense (benefit)(1,927)17,216(3,966)(6,615)(2,763)
Income (loss) from continuing operations:1,317(38,283)10,98912,98713,638
Income (loss) before gain (loss) on sale of properties:1,317(38,283)10,98912,98713,638
Net income (loss) attributable to parent:1,317(38,283)10,98912,98713,638
Preferred stock dividends and other adjustments (4) (126)  
Net income (loss) available to common stockholders, diluted:1,313(38,283)10,86312,98713,638

Comprehensive Income ($ in thousands)

6/30/2018
6/30/2017
6/30/2016
6/30/2015
6/30/2014
6/30/2013
Net income (loss):1,317(38,283)10,98912,98713,638
Other comprehensive income (loss)462(887)(838)522 
Comprehensive income (loss):1,779(39,170)10,15113,50913,638
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(2)608349(235)463
Comprehensive income (loss), net of tax, attributable to parent:1,777(38,562)10,50013,27414,101

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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